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The following contains information from the records of Bourne Engineers and Architects Bourne Engineers and Architects Selected Financial Information December 31, 2025 Current Assets $90,000
The following contains information from the records of Bourne Engineers and Architects Bourne Engineers and Architects Selected Financial Information December 31, 2025 Current Assets $90,000 Current Liabilities 30,000 Long - Term Assets 96,000 Long-Term Liabilities 62,000 Total Revenues 54,000 Total Expenses 32,000 Calculate the current ratio (Round your answer to two decimal places) O A. 0.63 OB. 1.55 C. 2.48 OD. 3 The following information is needed to reconcile the cash balance for Gourmet Catering Services * A deposit of $5,800 is in transit Outstanding checks total $1,200 * The book balance is $6,400 at February 28, 2025 * The bookkeeper recorded a $1,600 check as $17,200 in payment of the current month's rent. * The bank balance at February 28, 2025 was $18,320 * A deposit of $500 was credited by the bank for $5,000 * A customer's check for $3,500 was returned for nonsufficient funds * The bank service charge is $80 What was the adjusted book balance? O A $18,420 B. $18,580 C. $18,500 D. $18,400
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